• Facebook
  • Twitter
  • Instagram
  • Explore Health Plans
    • Individual & Family
    • Medicare Plans
    • Life Insurance
    • Dental & Vision
    • Small Group
    • Travel Health
  • Resource Blog
  • (855) 522-2201
  • Menu Menu

Healthcare.gov: You Can Do This!

ACA, Health Resources, Individual and Family, Medicaid
Read more
March 15, 2021
https://healthedly.com/wp-content/uploads/2021/03/Healthedly-Blog.png 900 1366 healthedly23 https://healthedly.com/wp-content/uploads/2022/06/Healthedly.svg healthedly232021-03-15 02:30:002022-08-30 22:26:54Healthcare.gov: You Can Do This!

New COVID Bill (ARPA) will Deliver Huge Health Insurance Savings

General

On March 11th, 2021, President Joe Biden signed the American Rescue Plan Act (ARPA) into law. This act is a $1.9 trillion economic stimulus package aimed at providing relief to individuals and businesses affected by the COVID-19 pandemic. One of the key provisions of the ARPA is a significant expansion of health insurance coverage and cost savings for Americans.

Under the ARPA, the government will provide a 100% subsidy for COBRA premiums from April 1st, 2021 to September 30th, 2021.

COBRA is a program that allows individuals who have lost their job-based health insurance to continue their coverage under their former employer’s plan. Prior to the ARPA, COBRA premiums were expensive and often unaffordable for many individuals. Namely, these individuals had lost their job and their health insurance. The ARPA’s 100% subsidy will make COBRA coverage free for eligible individuals during this time period. Thus, this will provide a much-needed lifeline for those who have lost their insurance due to the pandemic.

In addition to the COBRA subsidy, the ARPA also expands the premium tax credits available under the Affordable Care Act (ACA).

These credits help lower the cost of health insurance premiums for individuals and families who purchase insurance on the ACA marketplace. The ARPA increases the amount of the premium tax credits and makes them available to a larger income range, making health insurance more affordable for many Americans.

The ARPA also provides funding for states to establish or expand their Medicaid programs. Medicaid is a government-funded health insurance program for low-income individuals and families. The ARPA’s expansion of Medicaid will provide insurance coverage to more low-income Americans, including those who were previously ineligible due to their income.

Overall, the American Rescue Plan Act of 2021 will deliver huge health insurance savings for Americans.

The COBRA subsidy and expanded premium tax credits will make insurance more affordable for those who have lost their job-based coverage or are struggling to afford insurance on the ACA marketplace. The expansion of Medicaid will provide insurance coverage to more low-income Americans. These provisions will help ensure that more Americans have access to the healthcare they need, especially during the ongoing COVID-19 pandemic.

For more information on affordable healthcare coverage, contact Healthedly today!

 

 

March 9, 2021
https://healthedly.com/wp-content/uploads/2021/02/Healthedly-Blog.png 900 1366 healthedly23 https://healthedly.com/wp-content/uploads/2022/06/Healthedly.svg healthedly232021-03-09 14:24:002023-01-10 15:09:58New COVID Bill (ARPA) will Deliver Huge Health Insurance Savings

Categories

  • ACA
  • COVID-19
  • Dental
  • Finance
  • Flu Season
  • General
  • Group Insurance Plans
  • Health
  • Health Resources
  • Individual and Family
  • Life Insurance
  • Medicaid
  • Medicare
  • Mental Health
  • News
  • Obamacare
  • Self-care
  • Short Term
  • Small Business
  • Special Enrollment Period
  • Supplemental
  • Travel Medical
  • Vision

Archives

  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • March 2021
  • February 2021

Healthedly
Call: (855) 522-2201

Email: support@healthedly.com

2929 N Central Expy Ste 175, Richardson, TX 75080

Insurance Plans

Individual & Family Plans

Medicare Plans

Life Insurance Plans

Dental & Vision Plans

Small Business Health Plans

Travel Health Plans

Shop By State

Resources

Español

Healthedly Blog

Insurance Payment Options

Special Enrollment Period

Medicaid & CHIP

Health Insurance FAQs

Community Events

Elite Plus Circle of Champions

This website is operated by Healthedly Insurance Services, LLC. It is not the Health Insurance Marketplace website. Not connected with or endorsed by the U.S. government or the federal Medicare program. We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options.

Leave Us A Review  |  Privacy Policy

© Copyright Healthedly Insurance Services, LLC. All Rights Reserved.
  • Facebook
  • Twitter
  • Instagram
Scroll to top